XML 27 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Cash Flows Statement - USD ($)
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (12,229,151) $ (6,296,390)
Adjustments to reconcile net loss to cash flows from operating activities:    
Gain on debt forgiveness (298,510)
Change in exercise of warrant (15,742) 15,150
Change in fair value of derivative liability 4,040,237 525,394
Amortization of debt discount 1,026,324 1,781,337
Loss on Extinguishment of Debt 295,963
Excess of debt discount 149,143 237,547
Stock based compensation 4,280,136 (1,038,270)
Depreciation and amortization 71,390 105,558
Changes in operating assets and liabilities    
Accounts receivable 235,478 (340,405)
Inventory 173,915 36,980
Other assets 14,781 (11,670)
Loan receivable 72,339 (147,872)
Prepayment, deposits and other receivables (788,308) (566,229)
Amount due to a related party (23,086)
Accounts payable and accrued liabilities 108,581 222,010
Customer deposits 587 96,918
Unearned revenue (48,470) 46,838
Accrued interest and other payables 306,214 306,214
Net cash used in operating activities (2,323,231) (2,894,210)
Cash flows from investing activities:    
Acquisition of intangible assets (7,325)
Acquisition of property and equipment (351,395) (171,096)
Net cash provided by (used in) investing activities (351,395) (178,421)
Cash flows from financing activities:    
Proceeds from Issuance of Common Stock 205,000 82,000
Proceeds from Share to be Issued 100,000 1,798,000
Proceeds from (Repayment of) Loan 36,376 156,228
Repayment to Related Parties (5,000) (246,078)
Proceeds from convertible notes 2,330,500 1,222,722
Net cash provided by (used in) financing activities 2,666,876 3,012,872
Net increase (decrease) in cash (7,750) (59,759)
Cash, beginning of period 42,121 101,880
Cash, end of period 34,371 42,121
Supplemental disclosure of non-cash financing activities:    
Shares Issued for Debt Settlement 564,051
Reduction in derivative liability due to conversion 7,335,771 271,777
Debt discount related to convertible debt 3,217,870 1,681,999
Shares issued for conversion of convertible debt 2,783,235 306,810
Shares issued for advanced share payment 2,641,000
Advanced to Investment $ 18,000,000